Buying An Existing Optometry Practice -

Before signing a Letter of Intent (LOI) , you must perform "homework" to uncover potential risks and determine a fair price.

: Analyze key performance indicators (KPIs) like revenue per exam and "Goodwill"—the potential income expected from patient loyalty.

: A healthy practice typically sees net income representing 20% to 25% of gross revenue.

: You bypass the "ramp-up" phase, securing income the moment you take over.

Buying an existing optometry practice, often called a "warm start," offers a streamlined path to ownership by providing immediate cash flow, an established patient base, and trained staff from day one. Unlike starting a practice from scratch (a "cold start"), which can require a minimum investment of $350,000 and months of negative cash flow, an acquisition allows you to inherit operational systems and community recognition. Core Advantages of a Warm Start